What is Credit?

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Am I Eligible To Apply For A Card?: If you meet the following criteria then you are eligible to apply for a credit card in the UK:
What is credit scoring?: Most of the major credit card companies use their own credit scoring systems – normally but not always in conjunction with a credit rating from a credit reference agency.
How can I improve my credit rating?: If you are having trouble getting credit, there are a number of measures you can take to safeguard your credit rating. Here we have listed some helpful hints here to keep you in credit:
Can I Have An Additional Cardholder On My Account?: You can have one or more additional Cardholders on your credit card account with most companies.
What is the new Chip and Pin system?: The new Chip and PIN initiative is a system being introduced in the UK in 2004 to reduce counterfeit and stolen card fraud.

Credit is an extremely useful way of paying for goods or services at a later time, usually paying interest as well as the original money. Offering real convenience, you can choose how to pay back credit in the way that best suits you.

For example, a family holiday may cost over £2000, so you can pay it back in installments and take as long as you need to repay.

Credit is also a handy way of organising your finances - simply buy everything you need on it then paying it off in one simple lump sum at the end of each month. This is particularly good if you get paid at the end of the month, and need to make a large purchase before payday - because it allows you to make a purchase without having the ready cash. Simply buy now and pay later.

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